| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $1.7B | 9.9% | 20.7% |
| Op. Income | $241M | $86M | -$1.6B | 180.2% | 114.7% |
| Gross Margin | 51.1% | 51.4% | 49.3% | -0.3pp | 1.8pp |
| Net Margin | 8.4% | -14.7% | -77.4% | 23.0pp | 85.8pp |
| EPS (Diluted) | $0.13 | $-0.21 | $-1.02 | 161.9% | 112.7% |
| Free Cash Flow | $333M | $232M | $97M | 43.5% | 243.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $349M |
| Selling & Marketing | $353M |
| General & Administrative | $60M |
| SG&A Expenses | $413M |
| Other Expenses | $42M |
| Operating Expenses | $804M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $241M |
| Interest Income | $80M |
| Interest Expense | $0 |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $10M |
| EBIT | $283M |
| EBITDA | $293M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $349M |
| Selling & Marketing | $353M |
| General & Administrative | $60M |
| SG&A Expenses | $413M |
| Other Expenses | $42M |
| Operating Expenses | $804M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $241M |
| Interest Income | $80M |
| Interest Expense | $0 |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $10M |
| EBIT | $283M |
| EBITDA | $293M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $123M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $340M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$132M |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$114M |
| NET CASH FROM INVESTING | -$424M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $333M |
| Net Change in Cash | -$82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $3.5B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $144M |
| Goodwill | $449M |
| Intangible Assets | $26M |
| Long-Term Investments | $4.3B |
| Tax Assets | $44M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $298M |
| Other Current Liabilities | $559M |
| TOTAL CURRENT LIABILITIES | $874M |
| Long-Term Debt | $917M |
| Deferred Revenue NC | $170M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $9.4B |
| Additional Paid-In Capital | $301M |
| Retained Earnings | -$492M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $1.1B |
| Net Debt | -$404M |
